HI,
I purchased a New flat it is my first flat (I entered into a purchase agreement dated on 25.03.2012) my flat cost around Rs.24,00,000.00
In that I taken a housing loan (my first Housing Loan) in LIC HF they Sanctioned Amount for Rs.18,00,000 Interest @ 10.70 % on 17 May 2012, First Disbursement Date 31 May 2012.
Out of Rs 18 Lac they realised 1,436,000.00 as on date 26.04.2013 still Rs. 3,64,000 is pending (Final payment is on process soon they will realise )
My flat is completed 90 % as on date (Waiting for EB Connection and small works are pending) .Within one or two month my flat will completed fully
My Doubt is when I shall start claiming my housing loan interest and principle
And the same time what is my eligible housing loan interest and principle in my case
Can you any one advise me ……
I want to submit my investment proof to my company base on your valuable advice I plan my investment accordingly
CAclubindia
